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    Exam 10: Current Liabilities and Payroll
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    RGF Manufacturing Recently Signed a $200,000,4-Month Note on June 22
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RGF Manufacturing Recently Signed a $200,000,4-Month Note on June 22

Question 96

Question 96

Multiple Choice

RGF Manufacturing recently signed a $200,000,4-month note on June 22.The interest rate is 5%.How much total interest will be due on the note?


A) $10,000
B) $3,833
C) $3,333
D) $203,780

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